Odisha Chief Minister Naveen Patnaik on Friday laid the foundation stone for the Rs 65,000 crore worth greenfield integrated steel manufacturing complex of JSW Steel at Paradip in the coastal State’s Jagatsinghpur district.
The integrated green steel project by JSW Steel is expected to drive economic growth in the region by fostering a robust ancillary and downstream ecosystem and create job opportunities for approximately 15,000 people. It has been envisaged as one-of-its-kind world-class green technology steel manufacturing facility. It will adopt a circular economy practice and will be an exemplary model across the globe for its cleanliness, greenery, and best in class technologies, said senior officials.
The big-ticket Integrated Steel Manufacturing facility will be of 13.2 MTPA capacity. Besides, it will be equipped with a captive power plant to generate and supply power requirements of the facility, captive jetties with cargo-handling capacity.
JSW Steel’s greenfield integrated green steel complex will be set up at Dhinkia Nuagaon and Gadakujanga under Erasama Tehsil in Jagatsinghpur district. The Industrial Development Corporation of Odisha (IDCO) has handed over 2,958 acres of land to JSW for setting up the integrated manufacturing facility with 30 per cent of the total project land to be dedicated for preservation of forests and water bodies. JSW Steel & JSW Group entities have envisaged an investment of approximately Rs 65,000 crore, subject to necessary approvals, in order to establish this integrated complex in a phased manner, said the steelmaker in a statement.